Bold strategies to use industry as an engine of economic change could see new gold mines, plastics factories and medical laboratories boost growth, prosperity and jobs. While raising the profile of private enterprise, the government is planning to inject capital into promising sectors, but it is also setting ambitious targets for itself and for industry. Though the launch of Vision 2030...
Home to an estimated 15.7% of the world’s proven oil reserves and the single largest economy in MENA, Saudi Arabia is a key player not only in the region, but also globally. Since its establishment in September 1932, the Kingdom has poured its considerable resources into a series of large-scale economic development, diversification and modernisation initiatives. In the last few years, Saudi...
The guide contains listings of some of the leading hotels and resorts in Saudi Arabia and contacts for important government offices and services. It also contains useful tips and information for first-time or regular and business and leisure visitors alike.
This chapter contains an overview of the legal framework in which local and foreign investors operate in Saudi Arabia including a look at the recent restructuring of the insolvency law and an examination of the new reforms and regulations aimed to boost foreign investment into the country.
This chapter contains a viewpoint from Fahad Abuhimed, Managing Partner, Abuhimed Alsheikh...
This chapter contains an overview of the tax framework in which local and foreign investors operate in Saudi Arabia including an explanation of the Value-added tax introduced on January 1, 2018, a summary of the parallel systems for zakat and corporate income tax, and a rundown of the taxation treaties in place to help promote foreign investment.
This chapter contains a viewpoint...
Nestled between two seas and two continents, Saudi Arabia stretches over 2.1m sq km, an area as large as Western Europe. Its diverse landscapes offer a wide variety of scenery; while its rich history, culture and significance in the Muslim religion attract visitors from around the world, making it one of the most visited countries in the world. At around 31.7m – one-third of whom are...
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